The price of the Shiba Inu cryptocurrency rose on Tuesday after Coinbase announced that Meme Crypto would begin trading on Coinbase Pro earlier this week. This announcement comes after Coinbase added trading for Dogecoin.
Coinbase Pro Adds Shiba Inu Trading
written below listing Earlier this month, Coinbase announced on Tuesday that Shiba Inu (SHIB) crypto would begin trading on Coinbase Pro this week. The ERC20 Crypto Shiba Inu is seen by some as one the option Token for Dogecoin.
The Nasdaq-listed company says that Coinbase Pro users can transfer Shiba Inu tokens to their accounts by starting immediately. However, SHIB will not be available to residents of New York. The company clarified:
If liquidity conditions are met, trading will begin on or after Thursday, June 17 at 9 a.m. Pacific Time (PT).
The announcement also included Chiliz (CHZ) and Keep Network (KEEP). In addition to Dogecoin, the company recently added trading support for a number of tokens on Coinbase Pro, including Polkadot (DOT), Gitcoin (GTC), Enzyme Token (MLN), amp (AMP), and Internet Computer (ICP).
The price of the Shiba Inu cryptocurrency has risen by over 30% at the time of Coinbase’s announcement. At the time of writing, based on data from Coinbase, SHIB is worth $0.0000092 and has a market cap of $3.6 billion.
Once a sufficient supply of Shiba Inu cryptocurrency is established on the Coinbase Pro platform, trading of SHIB-USD and SHIB-USDT The order book will be launched in three phases, post-only, limit-only and full trading, the company elaborated.
Coinbase started trading Dogecoin earlier this month. The company tweeted on June 3, “Our DOGE-B T c, DOGE-EUR, DOGE-GBP, and DOGE-USDT The order books are now in full-trading mode. Limit, Market and Stop orders are all available now.
What do you think about the Coinbase Pro Listing Shiba Inu Coin? Let us know in the comments section below.
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